#Nvda stock forcast professional

The company topped consensus revenue estimates each time over this period. Over the last four quarters, Nvidia surpassed consensus EPS estimates three times. EPS of $0.51 for the same period compares with $1.04 a year ago.Ĭompared to the Zacks Consensus Estimate of $6.7 billion, the reported revenues represent a surprise of +0.03%. Nvidia reported revenues of $6.7 billion in the last reported quarter, representing a year-over-year change of +3%. Last Reported Results and Surprise History The $27.46 billion and $31.4 billion estimates for the current and next fiscal years indicate changes of +2% and +14.4%, respectively.

In the case of Nvidia, the consensus sales estimate of $5.99 billion for the current quarter points to a year-over-year change of -15.7%.

So, it's important to know a company's potential revenue growth. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Over the last 30 days, this estimate has changed +2.1%.ġ2-month consensus EPS estimate for NVDA _12MonthEPSChartUrl Over the last 30 days, the Zacks Consensus Estimate has changed +7.7%.įor the current fiscal year, the consensus earnings estimate of $3.50 points to a change of -21.2% from the prior year. Nvidia is expected to post earnings of $0.74 per share for the current quarter, representing a year-over-year change of -36.8%. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Huang is well-known for his support of Ethereum and its value, seeing more room for growth working with the cryptocurrency space in the future.Ī solid technical and analyst projection has led us to put the company in our best 5G stocks list, which is based on the opinions of trading professionals.Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else.

#Nvda stock forcast professional

Moreover, Jensen Huang, CEO of Nvidia, along with his team have developed a new product called CMP designed for professional crypto mining. The technology firm is set to close the deal in Q3 2021, as it seeks to strengthen its autonomous car technology division. Looking ahead, Nvidia bought DeepMap, an Israeli firm that specializes in high-definition mapping solutions for mobile devices back in June. Notably, twenty-seven TipRanks analysts advocate buying Nvidia, while just one recommends holding the stock based on its performance over the previous three months, and only one suggests selling.Īs a result, most analysts believe Nvidia is a strong buy, with an average price target increase of 1.83% from its current price of $222.13 but with a potential $300 highest price target.